064 Hughes & Company
Prince, as the chairman of the company that was pushed to the forefront, and Welch of GM officially signed on behalf of Blackwater and GM respectively, and also represented the official change of hands between Hughes Aircraft Company and Hughes Laboratories.
The day after Hughes arrived in New York, there was good news from Los Angeles that Texas Instruments finally agreed to Blackwater's acquisition request.
In this acquisition, Li Feng and the two companies each paid 35% of the shares, of which the valuation of the real estate company reached 12.5 billion and the valuation of the media group reached 15.5 billion.
Among them, Hughes Company and Hughes Laboratories were traded with 25% of each of the two companies plus $2 billion, that is, in the form of a valuation of $7 billion of company shares plus $2 billion in cash, the acquisition reached a scale of $9 billion, and Blackwater got a complete Hughes Aircraft Company and 51% of Hughes Laboratories, which was also a relatively large corporate acquisition in this era.
Similarly, Texas Instruments' military division made a one-time purchase of a 10% stake in both companies plus $1.5 billion in cash, for a total of $4.3 billion.
Combined with the $1.5 billion acquisition previously reached, Blackwater's expansion was successfully completed with $9.8 billion worth of company shares and $5 billion in cash, for a total of $14.8 billion.
Coincidentally, the acquisition cash was stuck on top of $5 billion, allowing David Sr. and Roosevelt to bring in their own funds.
What Li Feng didn't know was that according to normal history, at the end of '97, Raytheon directly acquired Hughes and half of the controlling stake in Hughes Laboratories for $9.5 billion.
In the future, Hughes Labs will also introduce Boeing and become a super laboratory owned by Raytheon, General Motors, and Boeing.
In the competition with the two companies, Li Feng's company shares and the priority of Feixun's financing have paved the way for Blackwater's expansion, otherwise it would be all direct cash acquisition, and there may be twists and turns.
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After that, Blackwater was reorganized and established Blackwater Group and major subsidiaries, in addition to some infrastructure, training, training and other departments that had been established before, especially reorganized.
It formed the Military Computer Company, the Electronic Network Systems Company (the merger of the Electronic Systems Company acquired by Texas Instruments and the Terry Danny Electronic Systems), the Military Systems (the military business such as radar and missiles in Texas Instruments), and the Blackwater-Hughes Aircraft Company.
Originally, Blackwater was worth $1 billion according to the previous valuation, and then redivided the shares, and Li Feng once again firmly controlled the controlling stake of Blackwater, reaching 2/3 of the shares. The previous Prince and others had a total of less than 1 point of shares.
In the end, under Li Feng's proposal, when the company was reorganized, it took out 5 points of shares, in addition to the initial Princes shareholders got a total of 2 points of shares, including the new ones who got 1.5 points of shares, and the remaining shares were ready to be used to recruit new powerful people.
Now Li Feng's personal stake in Heishui is 20 points, after all, the small number of shares in real estate companies and media companies still has to be shown, which has caused such a result.
In fact, it reached about 65, and the rest of the shares were hidden under the names of several funds, and Rockefeller and Roosevelt each got about 15% of the shares.
Blackwater is not a listed company, so there is no need to issue a communiqué, but General Electric will make an announcement, which can be regarded as an explanation to shareholders and the market, so Li Feng is not too secretive or anything.
Two days later, Li Feng and his entourage returned to Los Angeles again, and Prince, as the chairman of the company, officially signed a contract with Texas Instruments on behalf of Blackwater, officially reaching a new agreement.
At the same time, at the signing celebration site, Li Feng also saw Bush Jr., this time he was able to officially sign a contract with Texas Instruments, Bush Jr. and his family also helped Li Feng a lot, and at the celebration party afterward, Li Feng had a good chat with him.
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The acquisition was mainly concentrated in the military sector, so it did not cause much discussion in the media, and was only an announcement on the homepage of General Electric's website. Except for those who have a heart, these days, ordinary people who care about a company announcement.
Similarly, after the official completion, Li Feng Real Estate Company only has 43% of the shares, and the media group still has 48% of the shares. However, this time I was depressed about the three major banks, and the loan that I had said before ended up with the acquisition of shares and the fundraising of the two families.
Regarding this situation, Li Feng replied directly: "If you are willing to lend me a loan, then lend it to me, I really don't have too much cash." ”
In the end, under the negotiation of all parties, Li Feng took out an additional loan of 2 billion US dollars, which can be regarded as a cooperation with the three major banks again, as for the previous possible loan of 5 billion yuan, it can only be counted. In this regard, Li Feng is really willing, as long as they are willing to take out a loan, Li Feng really wants it.
Invest all this money in the stock market, technology stocks or the next Asian financial crisis, and if you don't double it in two years, it will really be a dog, and you are really not afraid of loan arrears.
After completing the expansion of Blackwater, it can be said that Li Feng has really completed a leapfrog step in his career, and after that, Li Feng can be said to have completely gained popularity and gained a firm foothold at the top level of US imperialism.
You must know that being able to snatch such fat from the mouths of Grumman and Raytheon is not something that ordinary people can do, and this time Li Feng joined hands with the Rockefeller family and the Roosevelt family, the two major American imperialist power families, to enter the military industry business, which really caused ripples at the top.
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After completing the company's expansion, Li Feng immediately thought of the famous Hughes Company, and immediately thought of the idea of going to see it, after all, Howard Hughes and Hughes Aircraft Company are one of the legends of American imperialism.
At its peak, the early aircraft company was the main aircraft supplier of the United States during World War II, but unfortunately, with the end of World War II, this huge aircraft company began to regress and finally turned to the helicopter business, which was then acquired and eventually merged into Boeing.
Later, Hughes established the aerospace department, but it has become the world's largest aerospace and aerospace communications company, which means that the original Hughes company mainly includes two major departments.
One is the Hughes Aircraft Company, the other is the Aerospace and Communications Company, the current aircraft company no longer exists, was completely merged into the Boeing Company, and Li Feng acquired its Aerospace Communications Company. And, of course, its core labs.
For the famous Hughes Company, Li Feng naturally felt a little impatient, thinking about Hughes Aerospace's popularity in the industry, Li Feng could only fantasize about these things in his previous life.
For example, artificial satellites, rockets, etc., this thing is also done by the country in China, and now its own company has these things, and it can be said that it is the top thing in the world, and it sounds 'tall'.
Jokingly speaking, Hughes Aerospace Communications' capabilities in aviation and aerospace are much more than those of a country in China in the fields of artificial satellites and other fields.
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Take a look at the achievements of Hughes Space Communications: the world's first geosynchronous satellite launched in 1963, the world's first geosynchronous meteorological satellite launched in 1966, the Explorer 1 lunar landing module launched in 1966, the Pioneer Venus probe in 1978, the Galileo Jupiter probe.
At the same time, Hughes Aerospace & Communications also manufactures a large number of military and civilian satellites. Nearly half of the world's satellites are products of Hughes Space & Communications.
Similarly, there are also the achievements of its laboratory, which is mainly in the fields of optics, electronics, systems science and other fields, which involves the atomic, electronic, quantum world, electronic systems, information systems, communication systems and other high-tech fields, all of which are at the forefront of science and technology in the world.
In particular, research in the field of lasers is one of the most important research institutes of the United States, along with the Lincoln Institute.
Hughes Aerospace Communications and Hughes Labs are simply one of the synonyms of high technology, and it's exciting to think about.